Nonresidential Construction Spending Down in September, August Data Upwardly Revised

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WASHINGTON, D.C. — Nonresidential construction spending fell 0.9 percent from August to September 2016, according to an analysis of U.S. Census Bureau data released by Associated Builders and Contractors. Nonresidential spending totaled $690.5 billion on a seasonally adjusted, annualized basis for the month, 0.7 percent below September 2015’s figure. The government revised the August nonresidential construction spending estimate from $686.6 billion to $696.6 billion; otherwise September spending would have risen on a month-over-month basis. Eleven of 16 nonresidential construction subsectors experienced monthly declines. “Since late 2015, the level of nonresidential construction spending in America has been effectively flat,” said ABC […]

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Nonresidential Spending Slips in August

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WASHINGTON, D.C. — Nonresidential construction spending fell for a second consecutive month in August, according to a recent analysis of U.S. Census Bureau released by Associated Builders and Contractors. Nonresidential spending totaled $686.6 billion on a seasonally adjusted, annualized basis for the month, 1.1 percent lower than July’s total of $694.1 billion (revised down from $701 billion) and 1.3 percent below August 2015’s figure. Private nonresidential construction spending fell just 0.4 percent for the month, while its public sector counterpart shrank 2 percent. Four of the five largest nonresidential subsectors—power, highway and street, commercial and manufacturing—combined to fall 2.2 percent […]

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Nonresidential Spending Inches Lower in July, June Data Upwardly Revised to Eight-Year Record

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WASHINGTON, D.C. – Nonresidential construction spending inched 0.3 percent lower in July largely due to a significant upward revision to June’s spending figure, according to analysis of U.S. Census Bureau data recently released by Associated Builders and Contractors. Nonresidential spending totaled $701.4 billion on a seasonally adjusted annualized basis in July, the second highest month since November of 2008, right behind June, which was revised upward from $682 billion to $703.5 billion. Public nonresidential spending continued to falter, declining 3.2 percent for the month and 6.5 percent for the year. “A number of factors have suppressed nonresidential construction spending over […]

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